Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Down 72.4% in July

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 22,965 shares, a drop of 72.4% from the June 30th total of 83,103 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 89,457 shares, the days-to-cover ratio is currently 0.3 days.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock traded up $0.03 during trading on Friday, reaching $46.59. 87,453 shares of the company traded hands, compared to its average volume of 110,373. Pacer Pacific Asset Floating Rate High Income ETF has a 1-year low of $46.00 and a 1-year high of $47.64. The company has a 50 day moving average price of $46.79 and a 200-day moving average price of $46.77. The firm has a market capitalization of $656.45 million, a PE ratio of 10.84 and a beta of 0.13.

Hedge Funds Weigh In On Pacer Pacific Asset Floating Rate High Income ETF

Institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at about $141,000. Janney Montgomery Scott LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 1st quarter worth approximately $222,000. Nations Financial Group Inc. IA ADV acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter worth approximately $240,000. BNB Wealth Management LLC bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the fourth quarter worth approximately $388,000. Finally, Crestwood Advisors Group LLC boosted its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock worth $1,288,000 after acquiring an additional 8,976 shares in the last quarter.

About Pacer Pacific Asset Floating Rate High Income ETF

The Pacer Pacific Asset Floating Rate High Income ETF (FLRT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund targeting floating-rate debt from non-investment-grade issuers. FLRT was launched on Feb 19, 2015 and is managed by Pacer.